Common Contracts
1 similar Letter of Intent for Sale of Real Property contracts
LETTER OF INTENT FOR SALE OF REAL PROPERTYLetter of Intent for Sale of Real Property • November 27th, 2012
By this letter, City of Ashland ("Buyer"), presents the manner in which it and IPCO Development ("Seller") agree Buyer may acquire certain real property from Seller as described herein. The parties recognize that the transaction will require further documentation and approvals, including the preparation and approval of a formal agreement setting forth the terms and conditions of the proposed purchase (the "Purchase Agreement"); nevertheless, they execute this letter to evidence their intention to proceed in mutual good faith to complete work required to negotiate terms of a Purchase Agreement that are consistent with this letter.
